U.S. Secretary of Commerce Gary Locke Announces $2.7 Million Investment to Create Jobs, Strengthen Economy in Northwood, North Dakota
April 28, 2009
Contact: Bryan Borlik, (202) 482-4085
EDA Grant Expected to Create 142 Jobs and Generate $28.6 Million in Private Investment
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $2.7 million Economic Development Administration (EDA) investment in the city of Northwood, N.D., to make the infrastructure improvements needed to help rebuild businesses and attract new industry following a tornado that severely impacted the local business community in August 2007. The project is expected to create 142 jobs and generate $28.6 million in private investment, according to grantee estimates.
"The Obama Administration is committed to creating jobs, encouraging innovation and improving our nation's economic competitiveness," Locke said. "This EDA grant will help retain and strengthen local businesses associated with the region's value-added agricultural sector. Northwood's project will help attract new businesses and jobs by providing the critical water and roadway improvements businesses need to thrive."
The Department of Commerce is a voice for Main Street businesses. It focuses on creating jobs by fostering innovation and opening markets to U.S. products.
EDA supports the economic development needs of distressed communities throughout the United States. Its mission is to lead the federal economic development agenda by promoting innovation and competitiveness and preparing American regions for growth and success in the worldwide economy.
Additional information on how EDA investments are helping distressed communities create a positive and sustainable economic future can be accessed at: http://www.eda.gov.